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remittance advice

Posted: Fri Nov 20, 2009 5:11 am
by harikumarc1981@rediffmail
Version R12/11i? =
Instance PROD/TEST/VIS? =
Module? =
OS? =



hi, what is remittance advice in AR 11i, what is the use . can any one explain it by taking on example.

Posted: Sun Nov 22, 2009 5:06 am
by hiszaki
Hi harikumarc

When you collect a check from the customer, you need to pay out this amount from the customers' bank.

suppose you have 100 checks from different customers so you need to pay out these checks from 100 banks, you can remit these checks in you bank & it's will be collected to you account against small fees.

This function called remittance.

Thanks
Hisham

Posted: Sun Nov 22, 2009 11:42 am
by nadh.oracleapps@yahoo.com
Hi Hisham

Can list out what are Steps Required for Remittance.

Thanks